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November 15, 2012
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Advocating Direct Investments through Education

  Top Stories 
  Policy Update 
  • Obama to aim for higher taxes for wealthy and corporations
    President Barack Obama will open negotiations with congressional Republicans on the "fiscal cliff" with a proposal that the rich and corporations pay $1.6 trillion in additional taxes during the next decade, White House officials said. That is twice as much as House Speaker John Boehner, R-Ohio, agreed to during talks with the Obama administration last year. The Washington Post (11/13), CNN (11/14), The Hill (11/13) LinkedInFacebookTwitterEmail this Story
  • Plan emerges to keep Sen.-elect Warren off banking panel
    Now that Elizabeth Warren is on her way to the U.S. Senate, there has been much concern that she might get a seat on the banking committee. Warren's critics -- who successfully kept her from leading the agency she helped set up, the Consumer Financial Protection Bureau -- have a plan: Offer her something better than the banking committee. CNBC/NetNet blog (11/13) LinkedInFacebookTwitterEmail this Story
  • Adviser groups push user-fee bill
    The Financial Planning Coalition is backing a bill that would require advisers to pay fees to the Securities and Exchange Commission to cover adviser exams. The effort is aimed at halting a measure sponsored by Rep. Spencer Bachus, R-Ala., that would create a self-regulatory organization for the industry. AdvisorOne (11/9) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Wealthy U.S. investors accelerate asset sales
    Faced with what could be a substantial increase in the capital gains tax Jan. 1, many high-net-worth individuals are selling assets, wealth advisers said. Their selling will have a disproportionate effect on U.S. financial markets because America's richest 1% control more than half of U.S. stocks. CNBC (11/12) LinkedInFacebookTwitterEmail this Story
  • Commentary: Middle-class retirement accounts are falling short
    Middle-class Americans are not only falling short in their retirement savings, but also lack knowledge about how much they'll be able to withdraw without outliving their funds, consulting actuary Steve Vernon writes. He cites a Wells Fargo survey in which respondents' median estimate for necessary retirement savings was $300,000, while the median amount they had saved so far was $25,000. CBS MoneyWatch (11/13) LinkedInFacebookTwitterEmail this Story
  Income Planning 
  • Advisers embrace a range of investment strategies amid uncertainty
    Financial advisers are working to devise investment strategies that will manage the risks associated with the looming "fiscal cliff," high domestic and foreign debt, and other challenges. They are employing a combination of approaches including traditional fixed-income, absolute-return-oriented and multi-asset income strategies, said Michael Abelson of Genworth Financial Wealth Management. "We're seeing a lot more of that really active thinking around fixed income. And you have to be pretty active right now because it's pretty tenuous," he said. The Wall Street Journal (11/12) LinkedInFacebookTwitterEmail this Story
  Editor's Note 
  • IPA Newsbrief will not publish on Thanksgiving
    In observance of Thanksgiving in the U.S., IPA Newsbrief will not be published Thursday, Nov. 22. Please expect next's week's issue of IPA Newsbrief on Wednesday, Nov. 21. LinkedInFacebookTwitterEmail this Story
Keep your fears to yourself but share your courage with others."
--Robert Louis Stevenson,
Scottish novelist, poet and essayist

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